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City <br /> <br /> January 17, 1995 <br /> Finance Department <br /> <br />SUBJECT: General Fund Undesignated Fund Balance <br /> <br />STAFF RECOMMENDATION: Staff recommends that Council authorize <br /> the following distribution of the General <br /> Fund Undesignated Fund Balance: <br /> <br /> 1. Authorize the transfer of $401,782 to the <br /> General Fund Capital Projects Reserve from one-time <br /> revenues, to be made available for appropriation <br /> when the 1995-96/1999-2000 CIP is presented this <br /> spring. <br /> <br /> 2. Advance up to $240,000 for additional City <br /> Hall expansion costs, to be repaid from developer <br /> fees when available; <br /> <br /> 3. Authorize the expenditure of $198,575 to be <br /> used in recognition of the cooperation and cost <br /> containment efforts made by staff to help balance <br /> the budget, resulting in a one-time payment of $650 <br /> to all Police (POA), Miscellaneous (PCEA), <br /> Confidential, and Management employees; and <br /> <br /> 4. Authorize the transfer of $120,000 to the Data <br /> Processing Replacement Fund for future <br /> appropriation, directing staff to develop a plan <br /> for the next phase of networking and <br /> hardware/software upgrades; <br /> <br />SUMMARY: At the close of Fiscal Year 1993-94, the General <br /> Fund had an undesignated fund balance of $960,000. <br /> Staff is now recommending the designation of those <br /> funds. <br /> <br />SR95:32 <br /> 1 <br /> <br /> <br />